Cardiopulmonary bypass equipment is essential for facilitating complex cardiac and thoracic procedures by maintaining circulation throughout open-heart surgeries. Cardiopulmonary bypass equipment includes oxygenators, cardio-selective cannulae, cardiopulmonary bypass pumps, and heat exchangers that bypass circulation through an artificial path and allow for temporarily manipulation of blood flow and intracardiac pressures and volumes.
The global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 120.01 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Technological Advancements
The increasing adoption of minimally invasive surgical procedures has boosted the demand for advanced cardiopulmonary bypass equipment. Key players are continuously innovating and integrating new technologies to develop more compact and efficient equipment with improved flow and pressure control capabilities. For instance, new innovations like magnetic levitation pumps that cause less trauma to blood cells and integrated heat exchangers are gaining popularity. Growing investments in R&D of advanced cardiopulmonary bypass equipment with improved functionalities is a major trend fueling the market growth over the forecast period.
Segment Analysis
The global cardiopulmonary bypass equipment market is dominated by the heart-lung machines segment. Heart-lung machines or cardiopulmonary bypass machines are essential medical devices used during open-heart surgeries to temporarily take over the function of the heart and lungs. They oxygenate and circulate the blood throughout the body while allowing the heart to be stopped for medical procedures such as repair or replacement of valves. The growing number of cardiac surgeries due to the rising prevalence of cardiovascular diseases has been driving the demand for heart-lung machines significantly over other segments in the market.
Key Takeaways
Global Cardiopulmonary Bypass Equipment Market Size is expected to witness high growth driven by factors such as the increasing geriatric population prone to heart ailments, growing obesity rates, and technological advancements. The global Cardiopulmonary Bypass Equipment Market is estimated to be valued at US$ 120.01 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.
Regional analysis: North America currently holds the largest share in the cardiopulmonary bypass equipment market and is expected to continue dominating over the forecast period owing to the rising prevalence of cardiovascular disorders and availability of advanced cardiac facilities in countries like the US and Canada. However, the Asia Pacific region is expected to showcase the fastest growth rate attributed to developing healthcare infrastructure, large patient pools, and growing medical tourism in countries like India, China, and Japan.
Key players: Key players operating in the cardiopulmonary bypass equipment market include Dow, Henkel, BASF, Nordson, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, and Skyworks Solutions. These companies have a strong global presence and hold a major share of the market. Dow and Henkel have been focusing on new product launches and strategic collaborations to strengthen their market position. In 2022, Dow launched a new range of silicones for medical device coating applications to aid in next-gen cardiopulmonary bypass equipment development.
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In this report, we analyze the Cardiopulmonary Bypass Equipment industry from two aspects.
One part is about its production and the other part is about its consumption.
In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and the unit price that they offer in different regions from 2014 to 2019.
In terms of its consumption, we analyze the consumption volume, consumption value, sale price, import and export in different regions from 2014 to 2019.
We also make a prediction of its production and consumption in coming 2019-2024.At the same time, we classify different Cardiopulmonary Bypass Equipment based on their definitions.
What is more, the Cardiopulmonary Bypass Equipment industry development trends and marketing channels are analyzed.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3229694 Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.Key players in global Cardiopulmonary Bypass Equipment market include:SorinMAQUETMedtronicTerumoBraile BiomedicaTianjin MedicalMarket segmentation, by product types:Single Roller Pump Cardiopulmonary Bypass EquipmentDouble Roller Pump Cardiopulmonary Bypass EquipmentBrowse the complete report @ https://www.orbisresearch.com/reports/index/global-cardiopulmonary-bypass-equipment-industry-market-research-2019Market segmentation, by applications:Cardiac SurgeryLung Transplant OperationAcute Respiratory Failure TreatmentOtherMarket segmentation, by regions:North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaThe report can answer the following questions:What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Cardiopulmonary Bypass Equipment?Who are the global key manufacturers of Cardiopulmonary Bypass Equipment industry?
